LinkedIn had four suitors before Microsoft acquisition

Filing reveals Redmond and Salesforce were not the only bidders for the social network

LinkedIn on a mobile device

Four companies were engaged in a bidding war to acquire LinkedIn before Microsoft finally won out, it has been revealed.

A filing with the US Securities and Exchange Commission (SEC) reveals that four parties in addition to Microsoft, known only as Party A, Party B, Party C and Party D, considered buying the social network, although with varying levels of interest.

Despite several meetings with LinkedIn's CEO Jeff Weiner and other representatives of the company, parties B, C and D ultimately made no offer, although Party B did go as far as a having a due dilligence call.

The filing sheds additional light on how far Salesforce, which can safely be assumed to be party A after CEO Marc Benioff admitted it nearly bought LinkedIn, went in its attempts to buy the social network.

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

According to the filing, Party A initially offered $160-$165 per share in a mix of cash and stocks on 25 April, with Microsoft then matching this amount with an all-cash bid on 4 May. Party A then followed this up with a bid of $171 per share in a 50/50 mix of cash and shares on 9 May, with Microsoft offering $172 two days later.

Ultimatley, while Party A and Microsoft both entered final bids of $182, it would seem that Microsoft's all-cash offer won the day.

While the identity of Party C remains a mystery, Re/code claims that parties B and D were Google and Facebook respectively.

Indeed, while they were not as agressive as Party A, they are the two suitors that showed the most serious interest. While Party C ultimately declined to make an offer fairly early on, parties B and D only backed out after the due dilligence call, in the case of the former, and being told there were other bidders, in the case of the latter.

Featured Resources

What you need to know about migrating to SAP S/4HANA

Factors to assess how and when to begin migration

Download now

Your enterprise cloud solutions guide

Infrastructure designed to meet your company's IT needs for next-generation cloud applications

Download now

Testing for compliance just became easier

How you can use technology to ensure compliance in your organisation

Download now

Best practices for implementing security awareness training

How to develop a security awareness programme that will actually change behaviour

Download now
Advertisement

Most Popular

Visit/policy-legislation/data-governance/354496/brexit-security-talks-under-threat-after-uk-accused-of
data governance

Brexit security talks under threat after UK accused of illegally copying Schengen data

10 Jan 2020
Visit/microsoft-windows/32066/what-to-do-if-youre-still-running-windows-7
Microsoft Windows

What to do if you're still running Windows 7

14 Jan 2020
Visit/operating-systems/microsoft-windows/354526/memes-and-viking-funerals-the-internet-reacts-to-the
Microsoft Windows

Memes and Viking funerals: The internet reacts to the death of Windows 7

14 Jan 2020
Visit/network-internet/broadband/354530/openreach-offers-free-full-fibre-installation-for-thousands-of
broadband

Openreach offers free full-fibre installation for thousands of homes

14 Jan 2020